Most prudent participants continue to patiently wait on the sidelines for the market to make up its mind. Will it break above the key resistance level or reverse for some much needed consolidation?
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Coming off a stellar @StockTwits brunch, resident ‘ville member MedicVZ breaks down the anatomy of a 1234 pattern in addition to just how important it is to set and ADHERE to stops.
It’s been a bit choppy of late as the market has spent time consolidating its most recent bullish run. We seem to be walking a fine line where a big move may be around the corner.
After Monday’s slam, the market spent the remaining 4 days recouping most of the loss closing the week only slightly in the red. It’s week 1 of the digestion process however some indications are pointing towards a little pain up ahead.
Market participants seem to be getting their fare share of whip these days as consolidation sets in and plays games with those looking for a trend. Tonight we take a look at the developments within all key sectors and the major averages.
